OECD warns: Massive financing gaps in development aid until 2030!

OECD warns: Massive financing gaps in development aid until 2030!

Paris, Frankreich - The OECD urgently warns of a huge funding gap in international development aid. In an alarming report, which was published on February 7, 2025, it is emphasized that if the causes are continued by 2030, a gap of 6,170 billion euros ($ 6.4 trillion) could arise between global financial requirements and the means actually available. This development threatens to be related to the climate impacts and geopolitical uncertainty. According to the OECD, this has only around 20 percent more funded funds since 2015. Critical sectors such as health and education in poorer countries are affected because there are no urgently needed investments. The background for the report is the upcoming UN conference on international development financing in Seville in June. Kathpress reported that the US policy under Donald Trump, who has announced a suspension of abroad, also causes uncertainty.

Development aid at record high

At the same time, the OECD has confirmed a record high in development and humanitarian aid for 2023. The industrialized countries have provided a total of $ 223.3 billion (approx. 217 billion euros), which is an increase compared to the $ 211 billion of the previous year. The main reason for this increase is increased expenses for humanitarian support, especially in view of the crises in developing countries. evangelisch.de stated that Ukraine was the largest recipient of international development aid, which was 28.5 percent in comparison to Corresponds to the previous year. Despite this increase, many Geberländer continues to fail to use the UN target to use at least 0.7 percent of their gross national income for development cooperation.

Norway, Luxembourg, Sweden, Denmark and Germany are the only countries that could achieve this goal. With 0.82 percent (35.05 billion euros), Germany successfully maintained the increase in development aid for the fifth time in a row, but the quota was slightly higher in 2022 in 2022. The OECD data impressively show that despite the record sums, the obligations of the industrialized countries are far from sufficient to cover global needs.